RE: July 14 price?This is a bought deal that means the underwriters are on the hook for those shares for that $7.75 price. Since they stick their neck out for this price, usually it's safe to assume that they can re-sell those shares to the public/their clients for something over that amount. If not, they would look stupid (us retails have lots of experience on that, do we?) and have to eat the difference, or sit on them until such time the market improves and they can recover from their "bad deal".
Raymond James is pretty good at manipulating share prices that's well I bought in when BNK fell to the $7.60 level. I think they can at least protect the $7.75 price. So far they are not doing well. However, things can change in a hurry in the next 10 days or so, we'll see.